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    OFF-MARKET
    Commercial real estate

    371 River St, Haverhill, MA 01832

    5,000 SF Built 1880
    Individually Owned 3-yr Hold
    Property ID
    US38-0204751
    Property summary
    AI-generated overview

    This established antique shop in Haverhill, MA, offers a unique opportunity for ownership. Located in a beautifully restored 1880s tannery mill building on River Street (Rt. 110), this 5,000 square foot business boasts a loyal customer base and significant growth potential. The current owner, retiring after 12 successful years, is selling the business including all shop-owned merchandise, 12 vintage display cases, furnishings, rugs, and a GoAntiquing! POS system. The shop currently operates with a dozen dealers, but there's room to expand to 80-100 vendors. The second floor provides additional space for expansion. The property features two loading docks, dedicated parking, and ample on-street parking. A reasonable monthly rent of $2,400 with a 5-year lease option ensures financial stability. Low operating costs contribute to a healthy profit margin. This prime location attracts both local residents and visitors, making it a destination for antique enthusiasts and shoppers. Included in the sale is an exquisite 1880s piano and an extensive jewelry collection. This turnkey operation is perfect for entrepreneurs or investors seeking a successful retail venture in a thriving community with an appreciation for history and unique finds. The asking price is $175,000 ($35/sq ft). The permitted zoning is commercial, and the property is owned as a sole proprietorship.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1880
    Total area 5,000 SF
    UPID US38-0204751
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Vintage View Inc. Home Decor Store (Bike/Boat/Book/etc) Store
    • Brick by Brick Training Systems Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    371 River RT 1234 · 3 yrs held
    371 River RT 1234
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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